MGP Ingredients

SITUATION:

MGP Ingredients no longer needed to run their pet-treat processing facility in Kansas City, KS leaving them with real estate, equipment, product lines, customer lists, existing clients, and R & D formulas, work in process, receivables and payables.

SOLUTION:

MGP contracted with Schneider Industries (SI) to help them sell the 150,000 square foot building complete with machinery and equipment. SI marketed the assets to pet food processing companies all across the United States, Canada and Latin America. Through SI’s marketing program, eight perspective buyers inquired to learn more about the project. After negotiations, Sergeant’s Pet Care purchased the company for much more than MGP had expected.